Nifty Technical Analysis

Hi Friends,

i trade just nifty for intraday and positional basis, i will be updating some technical levels in this thread of mine. hope it helps u ion trading as well.

Nifty made a bottom on friday, and will move up now.
see the chart carefully, Nifty will move up to the black line that i have drawn (4522), and i m going to short there heavily where it will come down to 4190 atleast.
as of now, one can go long with a SL of 4300 tgt 4522.

(PS - all spot levels)

Questns from dummies on "Going with the 60 minute flow"

friends, newbies and not so newbies,

I am starting this thread with the hope you people will ask questions on 60 min flow however silly it may sound. On your behalf I request Saint Sir and seniors to take the responsibility of answering the questions on one day in a week each. This way if 6 seniors are willing to cooperate with Saint all our questions will be answered.

I started this because if we ask questions in the parent thread some people get irked as they feel it distracts their attention and they begin hurling abuses at us. This results in heart burn only. I am a victim and I donot want this to happen to new entrants.

This option I feel is the best and Saint sir and all others I hope will welcome this move.

vps

Re: Questns from dummies on "Going with the 60 minute flow"


Hello vpsarathy sir,

i started this thread for only nifty views, seniors are definately welcome,
hope we keep this thread only for nifty traders

Re: Questns from dummies on "Going with the 60 minute flow"

Sorry for crowding here. How does one start a new thread?
vps

Stopped out , now what next

how do you view market now ? what is the possible downside from here ? can i short or should i wait ? pl reply sir.

Thanks & Regards

Pravin

Nifty weekly analysis with charts

For the comming week, nifty is seen to trade in the triangle as in the chart.

it bounced exactly from the 50% level according to fibonacci levels, and as long as 4321 is held, nifty is buy on dips., 1st tgt being 4446, where it will face resistence again at the upper trendline.

if nifty breaks 4321, all longs should be closed, where nifty might fall to 4220, below which big downside can come.

Overall, i dont expct big movement in the current scenerio, and i expct nifty to trade within the triangle.

as a positional trader, one can comfortably trade with these levels.

P.S - All spot levels

Re: Nifty weekly analysis with charts

1st week SEP'08 will see nifty future range between 4200~4600, with positive bias.

I hope the market will recover on monday and hence can take a nifty call. You know because of Nuke deal